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Acountryhasbeeninexistencefortwoyears.InthefirstyTheFederalBudgetlistsoutlaysandreceipts.Whenthetotalvalueofreceipts exceeds the total value of outlays, the government is running a budget ____, and the existing government debt is ____. A. surplus; growing B.

Acountryhasbeeninexistencefortwoyears.InthefirstyTheFederalBudgetlistsoutlaysandreceipts.Whenthetotalvalueofreceipts exceeds the total value of outlays, the government is running a budget ____, and the existing government debt is ____. A. surplus; growing B. surplus; shrinking C. deficit; growing D. deficit; shrinking

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